Business Jet Activity Should Surge Before End of 2022
Major global political, sporting, and industry events taking place in the third quarter of 2022 anticipate a great surge in business jet activity, particularly in the Middle East and Mainland China. The upcoming FIFA World Cup in Qatar this November and December will undoubtedly see increased activity for private jets into and out of the region. Similarly, the 2022 United Nations Climate Change Conference from November 6 to 18 will see similar rises in demand for business jet into and out of Sharm El Sheikh in Egypt. Industry events like NBAA-BACE in Orlando in October and the MEBAA Show in Dubai in December will also contribute to more business jets flying.
Considering the last month of the third quarter of 2022, the latest figures from WingX indicate more than 400,000 business jet and propellor sectors were operated globally in September. Business jet activity is roughly 3% more than the same period last year and 19% more than in 2019. Commercial airline traffic is 21% behind 2019 figures but 13% above the same period last year. North America activity is 5% more than last year and 17% above figures for 2019. Meanwhile in Europe, business jet activity has stalled to 9% below September last year, so far this month, though still 17% above 2019. The Middle East is up 18% compared to September last year, Africa up 3%, Asia up 24% and South America up 9%. All encouraging figures.
WingX also revealed that departures from China are half of what they were in 2021 and down 45% from 2019. However, with the country potentially fully opening for business again soon, we can safely anticipate a resurrection in business jet activity here too. This will inject a new vibrancy into operations that will be felt not only in Asia but globally.
Let’s hope to finish 2022 with a flurry of business jet activity that sets an even faster pace for next year.
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